It's Jobless Thursday

And the news remains bad, initial claims fell by only 1000 to a too-damn-high 388,000, with the 4 week moving average and continuing claims rising, though extended claims fell a bit.

Furthermore, we saw durable goods orders cratering.  They fell 4% in March.

As I mused earlier, I think that a lot of the good numbers in the 1^st quarter were economic activity moving up because of a historically mild winter.